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▲ CBDC, Bitcoin (BTC)/AI generated image
As the International Monetary Fund (IMF) formalized the structural transformation of the existing fiat currency-centric financial system, the global financial order has entered a phase of massive reorganization.
Louis Raskin, host of the cryptocurrency-focused YouTube channel Coin Bureau, stated in a video released on April 9 (local time) that the IMF officially raised the necessity of changing the existing system while discussing the resetting of the international trade and financial system at its Washington headquarters.
The Organization for Economic Cooperation and Development (OECD) predicted that headline inflation in the United States would reach 4.2% by the end of 2026. This significantly exceeds the 2.7% target set by the Federal Reserve. Coupled with expanded trade tariffs, an additional burden of approximately $1,500 per household is expected. The market interprets these trends as a sign of stagflation. Indeed, recent declines in employment and a sharp drop in consumer sentiment are occurring simultaneously, raising concerns about an economic slowdown.
Cracks are also appearing in the dollar-centric payment structure. Indian refiners bypassed the traditional financial network by using yuan and dirham instead of dollars for payments for Russian crude oil. Iran is also collecting Strait of Hormuz transit fees in yuan, establishing a payment structure that bypasses the Society for Worldwide Interbank Financial Telecommunication (SWIFT). BRICS nations are accelerating the de-dollarization trend by promoting the introduction of a payment system based on gold and their national currencies.
Meanwhile, as 137 countries worldwide pursue the introduction of Central Bank Digital Currencies (CBDCs), the potential for control over the financial system is also expanding. Some countries are experimenting with programmable money models that allow for specific spending restrictions or setting expiration dates for funds, and transaction data tracking capabilities are also being strengthened.
Amidst these trends, the United States has adopted a contrasting strategy. President Donald Trump signed an executive order halting research into a retail digital dollar, emphasizing a stance on protecting financial privacy. Simultaneously, the government has secured approximately 328,000 BTC in Bitcoin as a strategic asset, utilizing digital assets as a national response tool.
The market is also paying attention to the trends in gold and Bitcoin. While gold prices have hit an all-time high, Bitcoin is experiencing short-term corrections and showing volatility. However, institutional investors are maintaining a long-term holding strategy, focusing on Bitcoin's censorship resistance and decentralized characteristics.
The global financial system is currently in a transitional period where competition between traditional fiat currency systems, digitally controlled infrastructure, and decentralized assets is unfolding simultaneously. Investors are facing a situation where they must redefine their asset selection criteria amidst the changing monetary order.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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